Azerbaijan To Increase Social Benefits, Pensions
President of Azerbaijan Ilham Aliyev has signed a decree on additional measures to improve the social welfare of the population, trend reports.
According to the decree, the Cabinet of Ministers was instructed to submit proposals to the President of Azerbaijan on increasing the amount of social benefits and pensions.
Starting January 1, 2023, the minimum monthly wage and pension was increased in Azerbaijan. The increase of minimum wage is 15%, and the minimum pension 16%. According to experts, wage growth is inferior to the rate of inflation. Opposition politician Gubad Ibadoglu also believes that Azerbaijan is violating the European Social Charter, according to which the minimum wage cannot be lower than the average salary in a country by more than 40%.
Azerbaijani President Ilham Aliyev today signed an order according to which the minimum wage in the country would increase from 300 to 345 manats (about $203) or by 15%.
The last time the minimum wage was raised was exactly a year ago, on January 1, 2022, by about the same amount.
The country’s government was instructed to submit proposals to increase the minimum labor pension from 240 by 16.6% to 280 manats (about $165), as well as social benefits and scholarships.
Read more @menafn
325 views
